US economy added 172,000 jobs in May, beating expectations

The U.S. economy added jobs at a modest pace in May amid uncertainty surrounding the impact of conflict in the Middle East on the labor market.The Bureau of Labor Statistics on Friday reported that employers added 172,000 jobs in May. That figure is above the estimates of economists polled by LSEG, who predicted a gain of 85,000 jobs.The unemployment rate held steady at 4.3%, which was in line with the expectations of LSEG economists.Revisions were made to the payroll numbers for the p